Category Archive: Finance
EUR/USD Builds Higher High Which Challenges 1.13 Resistance
EUR/USD 4 hour The EUR/USD bounced at the support levels (green/blue) and showed one more bullish rally. The new higher high is challenging the 100% Fib level at 1.13 of wave 2 (green), which is a break or bounce zone. 1 hour The EUR/USD is in a bullish trend channel (red/blue lines). The breakout direction […]
It Depends On How They Value Time
Peter Dorman calls attention to a NYT Upshot column by Neil Irwin about the cost of climate change. For Irwin, the question can be framed as a matter of discounting, “A dollar today is worth more than a dollar tomorrow and a lot more than a dollar in 100 years. But what discount rate you set determines how […]
“They’re Going To Have All Sorts Of Issues” – Citi Urges Regulators To Address Australia’s “Spectacular Housing Bubble”
Citigroup Chief Economist Willem Buiter says Australia is experiencing “a spectacular housing bubble” that needs to be addressed with tougher regulatory measures – something we’ve noted time and time again. A shortage of housing, coupled with record-low interest rates, has made Sydney the world’s most second-most expensive property market. The city’s home prices jumped 16% in the 12 months through […]
UK’s Weaker Brexit Hand With The EU
Prime Minister May pushed for a snap election in June 2017 to strengthen her hand in the impending Brexit talks. In practice, she has weakened UK’s bargaining power at the EU’s expense, while the latest London Bridge incident introduces new uncertainty and volatility into the EU/UK divorce proceedings. Like too many times before, British police […]
Sensex Opens Flat; Titan Rallies Over 8%
Asian equity markets are trading mixed today following an attack in central London at the weekend. The Shanghai Composite is off 0.27%, while the Hang Seng is down 0.11%. The Nikkei 225 is trading up by 0.14%. US equities rose to record levels on Friday as Wall Street shrugged off a jobs report that came in well below expectations. Meanwhile, share […]
The Role Of The U.S. As A Global Risk
Regime Change in the Trump White House? No U.S. postwar president has managed to reset relations with Russia. Now the Trump administration must cope with a special counsel’s investigation. In the past, US efforts at regime change targeted foreign countries; today, the White House. How will it impact Trump’s stalled policy agenda? As I argued […]
Bank Of Japan’s ETF Holdings Surge 80% To Cartoonish 16,000,000,000,000 Yen
A couple of weeks ago in “Revisiting The Tokyo Whale,” we took a few minutes to remind readers just how large the Bank of Japan’s footprint in the Japanese ETF market truly is. We thought it was important to keep the story front and center lest it should get lost in the incessant chatter about Fed balance sheet […]
Herbalife Expects Lower Guidance; Still No Word On Exec Departure
Just weeks after issuing its guidance and “beating” estimates that would have missed estimates issued a couple of short quarters ago, Scott Wapner at CNBC reports that Herbalife (HLF) is set to lower its sales guidance before market open tomorrow, Monday morning. Wapner’s exclusive, out late Sunday night, stated: Herbalife will lower its sales outlook for the current […]
Preferred Shares Of Dundee
Dundee (DDEJF) is a holding company involved in a lot of businesses in Canada: real-estate, energy, wealth management and other investments. The market cap of the company is currently $160 million with a tangible book value of about 800 million. For what it’s worth, they consider themselves value investors. But as you can probably guess […]
Deutsche Bank Trader Admits To Rigging Precious Metals Markets
After months of “smoking guns” and conspiracy theory dismissals, a Singapore-based Deutsche Bank trader (at the center of fraud allegations) finally confirmed (by admitting guilt) what many have suspected – the biggest banks in the world have conspired to rig precious metals markets. The Deutsche Bank trader, David Liew, pleaded guilty in federal court in Chicago to conspiring […]
